No. of Recommendations: 0
*ALL* lending is being done at a 50-75% subsidized-risk discount off real market costs.... the 3.5% 30 FRM mortgage would normally be going for 7-8% if the taxpayers weren't being used as a backstop to eat the future defaults.

Yeah, I got that. What I don't got is sources for 90% LTV jumbo (above maximum Fannie/Freddie loan limits for the applicable county) with no PMI. The only lenders I can identify that go to 90% LTV for jumbo are:

~ Kinecta Federal Credit Union (ARMs only)
~ Navy Credit Union
~ NASA Federal Credit Union

They all require PMI--either lender or borrower paid--or 80/10/10.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.